NEW DELHI: Shares of Adani group firms Adani Power and Adani Enterprises plunged up to 5 per cent in Tuesday’s trade after quarterly numbers for the two Gautam Adani-led companies failed to meet market expectations.

Adani Power on Monday reported a consolidated net loss of Rs 114 crore against a loss of Rs 369.08 crore posted for the same quarter last year. Volumes at 15 billion units were flat on a YoY basis despite higher availability at 92 per cent (85 per cent in Q2FY16) as demand remained tepid.

“Adani Power has been reporting dismal numbers due to lack of adequate coal supply from the Bunyu mines, thus, forcing the company to blend expensive spot coal inventory and import a higher quantum of coal due to limited availability of domestic coal and PPA signed at low rate,” Reliance Securities said in a note. The stock performance hinges on early resolution and retrospective recovery of compensatory tariff, Edelweiss Securities said in a note.

Meanwhile, shares of Adani Enterprises fell 5.11 per cent to Rs 67.70. The company said its consolidated profit after tax (PAT) plunged 78 per cent YoY to Rs 63.09 crore for the quarter ended September 30.

Net sales declined 15.9 per cent YoY to Rs 7,591.28 crore from Rs 9,028.08 crore in the corresponding quarter of last year. Adani Transmission dropped 4.55 per cent to Rs 41.95. This group company reported a 38.63 per cent drop in consolidated net profit at Rs 99.54 crore in the quarter ended September 30.

The company's net profit after taxes (PAT), minority interest and share of profit of associates had stood at Rs 162.20 crore in the September quarter of 2015-16.